TIMOTHY HOPPER, Ph.D., CHIEF ECONOMIST, TIAA
WILLIAM RIEGEL, CFA, CHIEF INVESTMENT OFFICER, TIAA INVESTMENTS
Chief Economist Timothy Hopper, Ph.D., explains why the U.S., China and Europe are stuck in a slow-growth pattern caused by overcapacity. “Brexit” could have a positive impact in the U.S. by reducing borrowing rates as investors seek safety in U.S. Treasury bonds, but impact in the U.K. and Eurozone is expected to be negative.
This Economic and Investment Outlook is prepared by TIAA Global Asset Management and represents the views of Timothy Hopper and William Riegel. These views may change in response to changing economic and market conditions. Any projections included in this material are for asset classes only, and do not reflect the experience of any product or service offered by TIAA. Past performance is not indicative of future results. The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons. Please note equity and fixed-income investing involves risk. Foreign investments are also subject to political, currency and regulatory risks.